CFTC Fines Spoofing Bank Who Reported The Issue FirstMark Melin
The Commodity Futures Trading Commission recently fined The Bank of Tokyo-Mitsubishi UFJ, Ltd (BTMU) $600,000 in a “spoofing” case that illustrates how internal bank risk controls are now rooting out bad apples. The market manipulation fine was a “substantially reduced penalty” due to the fact the bank identified and reported the " Market Manipulation " , the CFTC said in a statement.
Market Manipulation - Most of the spoofing behavior took place in the wake . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible